{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-027241","form_type":"8-K","ticker":null,"cik":"0001581776","company_name":"Mid-America Apartments, L.P.","filed_at":"2026-01-28T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.527762+00:00","generated_at":"2026-05-16T06:59:40.671828+00:00","sec_items":["1.01","7.01"],"event_type":"litigation","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"MAA settles pricing-software antitrust class action for $53M; reserves $62.5M loss","bullets":["Settlement payment of $53M in two $26.5M installments; first due after March 2, 2026.","Loss contingency reserve increased to $62.5M in FY2025 financials, covering legal fees and litigation.","Company admits no fault; settlement subject to preliminary and final court approval.","No impact on 2025 Core FFO or FAD; no change expected to dividend policy or capital allocation.","Company cites reduced legal uncertainty and avoidance of protracted litigation costs."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-027241","json":"https://secwatch.observer/filing/0001193125-26-027241.json","markdown":"https://secwatch.observer/filing/0001193125-26-027241.md","text":"https://secwatch.observer/filing/0001193125-26-027241.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1581776/000119312526027241/0001193125-26-027241-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/912595/000119312526027241/maa-20260126.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T06:59:40.671828+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f9c19f98293bb9a1438ed1fe76eb32bcbe6a97ed","claim":"Mid-America Apartments, L.P. entered into Settlement Agreement with the named plaintiffs in the Class Action Litigation (together, the \"Plaintiffs\") valued at $53 million (effective 2026-01-26).","evidence_excerpt":"On January 26, 2026, the Company entered into a settlement agreement (the “Settlement Agreement”) with the named plaintiffs in the Class Action Litigation (together, the “Plaintiffs”), individually and on behalf of the class members.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1581776/000119312526027241/0001193125-26-027241-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"settlement"},{"label":"Counterparty","value":"the named plaintiffs in the Class Action Litigation (together, the \"Plaintiffs\")"},{"label":"Value","value":"$53 million"},{"label":"Effective","value":"2026-01-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}